EX-12.1 4 p15665exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Avnet, Inc.
Computation of Ratios of Earnings to Fixed Charges
                                         
    Fiscal Year Ended  
    June 27,     June 28,     June 30,     July 1,     July 2,  
    2009     2008     2007     2006     2005  
    (in thousands)  
Earnings:
                                       
Income (loss) from continuing operations before income taxes
  $ (1,083,074 )   $ 708,955     $ 586,619     $ 316,147     $ 239,759  
Add fixed charges
    91,119       95,186       96,747       118,932       105,231  
 
                             
Total earnings (loss)
  $ (991,955 )   $ 804,141     $ 683,366     $ 435,079     $ 344,990  
 
                             
 
                                       
Fixed charges:
                                       
Interest on indebtedness
  $ 66,481     $ 72,285     $ 77,172     $ 96,505     $ 85,056  
Amortization of debt expense
    3,177       3,176       3,413       5,043       5,188  
Interest component of rent expense
    21,461       19,725       16,162       17,384       14,987  
 
                             
Total fixed charges
  $ 91,119     $ 95,186     $ 96,747     $ 118,932     $ 105,231  
 
                             
 
                                       
Ratio of earnings to fixed charges
    *       8.4       7.1       3.7       3.3  
 
                             
 
*   Earnings were deficient in covering fixed charges by $1.083 billion for the fiscal year ended June 27, 2009.